29/10/2013

Good morning,

Yesterday US equities closed off their intraday highs and the S&P500 closed at 1762.11 (+0.13%), up 2.34 points. Nasdaq nearly unchanged at 3940 (-0.08%), down -3.23 points. The same is true for the Dow that ended the trading session at 15568 (-0.01%) down -1.35 points. The Nikkei in Japan retraced after previous gains at 14326 (-0.49%), down -70.06 points.  The Hang Seng closed positive, up 39.96 points (+0.18%) at 22846.5. The ASX200 after the 5 years high of the previous trading session closed down -25.88 points (-0.48%) at 5415.5. In Europe at 7:43 GMT The STOXX 50 is slighty up at 3026.62 (+0.15%) and the DAX in Germany is trading unchanged at 8972. The German index next target is 9000 points and for the STOXX50 is important to stay above psychological level 3000 points.  In UK the FTSE 100 is up 18.62 points (+0.28%) at 6744.44.  In the FX market the EurUsd is trading again below 1.38 at 1.3772 (-0.09%) and the UsdJpy is at 97.55 (-0.15%). GbpUsd is at 1.6090 (-0.3%) down 48 pips. The Usd is gaining 40 pips against the kiwi dollar: NzdUsd (-0.49%) at 0.8256. The AudJpy is one of the worst performer and the Yen is gaining today across the board. AudJpy (-0.72%) down -66 pips at 92.87.

Precious metals are retracing today and Silver is trading at 22.34 $/ounce (-0.95%) and Gold is down as well at 1344.45 $/ounce (-0.61%).  Crude oil is trading at  98.31 $/barrel (-0.37%).

Quarterly corporate earnings are affecting not that much the market as UBS sinks but another well capitalized company like BP rises. From the macro data the financial community is waiting the release in US of the Retail Sales at 12:30 GMT and the Core PPI  (same time). Those data will make traders to guess about the next FED move.